Banking Awareness Quiz for IBPS PO/RRB/NABARD

1. ___________ is a financial instrument provided by banks which provides investors with a higher rate of interest than a regular savings account, until the given maturity date.

Fixed Deposit Account

Current Account

Saving Account

Nastro Account

None of these

2. FIIs are those institutional investors which invest in the assets belonging to a different country other than that where these organizations are based. In word “FII”, the second “I” denotes

Institutional

Investors

Investment

Income

None of these

3. A GAAR is a statutory rule that empowers a revenue authority to deny taxpayers the benefit of an arrangement that they have entered into for an impermissible tax-related purpose. GAAR stands for

Government Anti-Avoidance Rules

General Acknowledgement Rules

General Anti-Avoidance Rules

General Anti-Avoidance Regulations

None of these

4. NABARD is an apex development bank that review arrangements for institutional credit for agriculture and rural development. Where is the headquarter of NABARD?

New Delhi

Mumbai

Pune

Lucknow

Kanpur

5. An international bank-rating system where bank supervisory authorities rate institutions according to six factors. The six factors are represented by the acronym “CAMELS”. In CAMELS, “E” stands for ______.

Economy

Earnings

Enlarge

Economic

None of these

6. Country’s largest bank SBI has waived charges for fund transfer of up to Rs 1,000 through its IMPS to promote small transactions. What is the full form of IMPS.

Immediate Payment Service

Immediate Mobile Payment System

Immediate Mobile Payment Service

Immediate Payment System

None of these

7. The selling of life assurance and other insurance products and services by banking institutions. It is called ________.

Authorization

Banassurance

Arbitrage

Amortization

Annuity

8. In context with the macroeconomics , Philips Curve is a relationship between the rates of ___?

Unemployment & Exim trade

Unemployment and Inflation

Unemployment and Demand

Unemployment and Poverty

None of the above

9. Which among the following is not a pillar of BASEL II CRAR?

Minimum Capital Requirement

Risk Management

Supervisory review of capital adequacy

Market discipline

All of above are pillars of BASEL II CRAR

10. The Reserve Bank of India has decided to help banks, as a temporary measure, by providing additional liquidity support under LAF. What is the full form of LAF?